Premarket plan: $AAPL has a strong resistance at the $159.50 key level, I could see a rejection at this level, and then a breakdown to reach the -27.0% Fibonacci level -$157.23. If $AAPL does not breakout with high volume on this level, I could see a pullback to this same Fibonacci level and the change its trend. My low risk entry on a put trade, it's when $AAPL reaches the $159.50 key level, with a stop-loss at the $160.00 level, in that level it could seem obvious that the trend is going to change, and a take profit at the Fibonacci level $157.23 level.
Projected R:R Ratio: 4:1
Actual R:R Ratio: 2:1
Stop-loss: $$160.00 (Non-taken)
Entry level: $$159.50
Take profit level: $$158.50
Second entry: None.
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? Took my profits earlier.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: As I'm actually not too good on downtrends, I took what the market gave me fast. As maybe my premarket plan could be reached, I rather take it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-25 10:30:45 | AAPL04 02 160 PUT | buy | $5.680 | long |
2022-01-25 10:33:02 | AAPL04 02 160 PUT | sell | $6.100 | 0 |
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